ResourceWise has acquired Wood Resources International (WRI). WRI is the publisher of Wood Resource Quarterly (WRQ), a market report that tracks sawlog, wood chip, lumber, and pellet prices on a global basis. Håkan Ekström, Wood Resources International’s president, will join the ResourceWise team. Terms of the acquisition, which became effective March 31, 2022, were not disclosed.
“The addition of WRI to the ResourceWise family supports our long-term objective to be the leading source of data and analytics platforms to a range of global commodity markets“, said Pete Stewart, the ceo of ResourceWise. “With the acquisition of WRI, ResourceWise gains not only Ekström’s more than 30 years of global forest products industry experience, but also wood fiber price data for more than 20 countries over the course of 25+ years. This data will augment the data that Forest2Market has collected in North America for 22 years, and Ekström’s expertise will allow us to more robustly cover the analytics and consulting needs of our customers worldwide.”
“International trade of forest products and wood raw materials are steadily increasing, which underscores the need for up-to-date and reliable market intelligence. Merging WRI’s extensive database of global wood prices with ResourceWise’s databanks and business intelligence platform positions the expanded company to be the leading source of insights in international wood product markets“, says Ekström.
